Garnet Construction Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported negative sales was INR 6.08 million compared to sales of INR 53.63 million a year ago. Revenue was INR 14.36 million compared to INR 77.38 million a year ago. Net income was INR 8.95 million compared to INR 33.76 million a year ago. Basic earnings per share was INR 0.68 compared to INR 2.42 a year ago. Diluted earnings per share was INR 0.68 compared to INR 2.42 a year ago.
For the full year, sales was INR 20.51 million compared to INR 55.66 million a year ago. Revenue was INR 44.2 million compared to INR 80.81 million a year ago. Net income was INR 2.92 million compared to INR 5.1 million a year ago. Basic earnings per share was INR 0.24 compared to INR 0.36 a year ago. Diluted earnings per share was INR 0.24 compared to INR 0.36 a year ago.